REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Denise Jarboe

denise@theharrisgrouprealty.com +1(270) 993-6433

Listed by John Lundquist • Lundquist Appraisals & Real Estate • john@lundquistrealestate.com

$1,500,000

Est. payment - /mo

8 Baths

5,662 Sqft Lot

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202547557

HOA Y/N No

Year Built 1900

Annual Tax Amount $13,839

Tax Year 2026

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 43 X 132

Property Sub-Type Mixed Use

Property Description

Incredible investment opportunity in downtown Wabash! This exceptional offering includes two commercial buildings plus seven well-maintained apartments, all selling together. Whether you're looking to expand your business, launch a new venture, or secure income-producing residential units, this property delivers unmatched versatility and potential. 80 W Canal Street – This 20' x 60' commercial space is move-in ready for a new or expanding business. With large display windows, beautiful hardwood floors, and 14 ft. ceilings, the storefront offers excellent visibility and inviting character. The building is commercially sprinkled and includes a half bath, storage room, and a clean full basement—ideal for additional storage. ADA compliant. 78 W Canal Street – An impressive 123' x 19' building, currently a white-box space prepped for restaurant use and ready for your final vision. This property is also ADA compliant and equipped with a hood system, commercial sprinklers, on-demand gas heat, new PEX plumbing, and sump pumps in both basements. A full basement provides excellent storage, and alley access enhances functionality. Outside features include a custom paved courtyard—perfect for outdoor dining or entertainment—and an exterior grease pit already in place. Seven Apartments Included – All seven apartments have been thoughtfully maintained and offer open-concept layouts with spacious kitchens and living areas. Each unit is equipped with an electric range, microwave, dishwasher, and refrigerator, along with vinyl plank flooring, gas-log fireplaces, gas forced-air heat, central air, and on-demand water heaters. Mechanical rooms are located outside the units for added convenience. A shared 13' x 13' common laundry area includes three coin-operated washers and three coin-operated dryers. This is a rare opportunity to own a versatile, income-producing property in an unbeatable downtown location. These buildings not only offer the space, infrastructure, and potential to make it all happen they were completely rebuilt from the foundations up just six years ago the investor/owner spared no expense ensuring these structures were ready for another 100 years of service, You have likely not seen historic downtown buildings in literally new construction condition elsewhere, a complete breakdown of the renovation is available.

Location

State IN

Rooms

Basement Full, Unfinished

Interior

Heating Gas, Forced Air, Multiple Heating Systems

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features On Street

Fence Decorative, Metal

View Y/N true

Building

Sewer Public Sewer

Water City

New Construction No

Others

Pets Allowed No

Tax ID 85-14-11-304-230.000-009

Acceptable Financing IRM202547557

Listing Terms IRM202547557

Special Listing Condition None

Virtual Tour https://view.ricoh360.com/1c7a4307-305d-46ee-8ba1-72a54d603090?type=compact

Read Less Info

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Denise Jarboe

+1(270) 993-6433

Broker Associate License ID: RB20000819

78 & 80 W Canal *** Wabash, IN 46992

Denise Jarboe

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION